Common use of Arbitration; Other Disputes Clause in Contracts

Arbitration; Other Disputes. Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in Dallas, Texas, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator's award in any court having jurisdiction. Notwithstanding the above, the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of Paragraph 4 or 5 hereof. Furthermore, should a dispute occur concerning Executive's mental or physical capacity as described in Subparagraphs 7(b) or 7(b), a doctor selected by Executive and a doctor selected by the Company shall be entitled to examine Executive. If the opinion of the Company's doctor and Executive's doctor conflict, the Company's doctor and Executive's doctor shall together agree upon a third doctor, whose opinion shall be binding. Any amount to which Executive is entitled under this Agreement (including any disputed amount), which is not paid when due, shall bear interest at a rate equal to the lesser of eighteen percent (18%) per annum or the maximum lawful rate.

Appears in 3 contracts

Samples: Executive Employment Agreement (Wyndham International Inc), Executive Employment Agreement (Patriot American Hospitality Operating Co\de), Executive Employment Agreement (Patriot American Hospitality Operating Co\de)

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Arbitration; Other Disputes. Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in Dallas, Texas, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator's award in any court having jurisdiction. Notwithstanding the above, the Company shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of Paragraph 4 5 or 5 6 hereof. Furthermore, should a dispute occur concerning Executive's mental or physical capacity as described in Subparagraphs 7(b) or 7(b8(b), a doctor selected by Executive and a doctor selected by the Company shall be entitled to examine Executive. If the opinion of the Company's doctor and Executive's doctor conflict, the Company's doctor and Executive's doctor shall together agree upon a third doctor, whose opinion shall be binding. Any amount to which Executive is entitled under this Agreement (including any disputed amount), which is not paid when due, shall bear interest at a rate equal to the lesser of eighteen percent (18%) per annum or the maximum lawful rate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Patriot American Hospitality Operating Co\de), Executive Employment Agreement (Wyndham International Inc)

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Arbitration; Other Disputes. Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration in DallasChicago, TexasIllinois, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator's award in any court having jurisdiction. Notwithstanding the above, the Company Employer shall be entitled to seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of Paragraph 4 5 or 5 6 hereof. Furthermore, should a dispute occur concerning Executive's mental or physical capacity as described in Subparagraphs 7(b) or 7(b8(b), a doctor selected by Executive and a doctor selected by the Company Employer shall be entitled to examine Executive. If the opinion of the CompanyEmployer's doctor and Executive's doctor conflict, the CompanyEmployer's doctor and Executive's doctor shall together agree upon a third doctor, whose opinion shall be binding. Any amount to which Executive is entitled under this Agreement (including any disputed amount), which is not paid when due, shall bear interest at a rate equal to the lesser of eighteen ten percent (1810%) per annum or the maximum lawful rate.

Appears in 1 contract

Samples: Executive Employment Agreement (Bradley Real Estate Inc)

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